Xbox Series X|S Price Increase: Every New Price and the 2TB Model's Exit
Microsoft's increase took effect August 1: $100 more for 512GB consoles, $150 more for 1TB, and the 2TB Series X is being retired.
Microsoft announced on June 25 that Xbox console prices would rise on August 1, and that increase is now in effect. Here is what changed, according to Xbox Wire and Video Games Chronicle’s rundown of the announcement.
The increases. 512GB models went up by $100 in the US. 1TB models went up by $150. The 2TB Series X (Galaxy Black) is being sunset.
New US prices, per VGC.
- Xbox Series X 1TB (disc drive): $799.99
- Xbox Series X 1TB (digital): $749.99
- Xbox Series S 512GB: $499.99
- Xbox Series S 1TB: $599.99
Microsoft’s reasoning. The company pointed to component supply challenges affecting the consumer electronics industry and said consoles are typically sold at a loss rather than a profit. In the announcement, Microsoft wrote that console storage and memory prices “have increased by more than 2.5x” and that it expects “another doubling by the fall of 2027.” That second figure is a Microsoft expectation, not a confirmed outcome.
Not the first increase. Xbox Wire notes the company previously raised US console prices by $20 to $70 in October 2025.
What Microsoft is offering to soften it. Xbox Wire lists several options: buy now, pay later through the Microsoft Store and Amazon, 0 percent APR financing for up to 12 months, a trade-in program for previously played consoles, and certified refurbished consoles at up to $100 off MSRP.
How it compares. The Xbox move is one of several this year. Sony’s PS5 increases took effect April 2, Valve raised Steam Deck OLED prices in May, and Nintendo’s Switch 2 increase took effect September 1. Taken together, all three console makers and Valve have announced price increases since late March.
What to do if you’re buying. The new prices are official MSRPs, so they apply anywhere Microsoft sets the price. Retailers may run their own sales, and Microsoft’s financing and trade-in programs may change the effective cost. If you are on the fence, note that Microsoft itself is signaling further cost pressure, though it has not announced any additional price change.
Bottom line. A new Series S starts at $499.99, and the cheapest Series X is $749.99. The 2TB model is on its way out.